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Getin Noble Bank. Bankruptcy petition filed by the BFG

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On April 28, the Bank Guarantee Fund filed a petition with the court to declare Getin Noble Bank bankrupt. As it was added, this is another standard stage of the resolution procedure, and the Fund thus fulfilled the obligation imposed by the European Commission.

The BFG informed that the submission of the application in no way affects the situation of VeloBank, the bank’s customers and the security of the funds accumulated therein. The application also does not affect the situation of people with a foreign currency loan at Getin Noble Bank.

Until bankruptcy is declared, the bank is managed by an administrator appointed by the BFG. After the court declares bankruptcy, the bank’s creditors will be able to submit claims against the bankruptcy estate.

Restructuring of Getin Noble Bank

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The Bank Guarantee Fund (BFG) informed on September 30 that started the forced restructuring of Getin Noble Bank SA Its activities will be transferred to a joint bank of the BFG and the Commercial Bank Protection System, established by eight commercial banks.

The Bank Guarantee Fund announced in a statement that “nothing changes for GNB customers”.

“All customers are and will be served as before, they have uninterrupted access to all their funds. This applies to all persons and entities that as at September 30, 2022 are customers of Getin Noble Bank SA, including corporate customers, from the public sector, as well as personal banking and private banking customers.

The retail banking brand owned by Getin Noble Bank was Getin Bank, which was among the top ten largest banks in Poland in terms of assets.

Leszek Czarnecki’s statement and lawsuit

Leszek Czarnecki, the founder and main shareholder of GNB, issued a statement on the forced restructuring of the bank. It mentions, among other things, the so-called KNF scandal. The businessman stated that “‘Zdzisław’s plan’ was implemented and the bank was taken over”. He added that he had to deal with the state alone, and in today’s Poland “there is no room for big business that is not related to the ruling party or has no support from a strong country.”


In mid-April patron Roman Giertych on Twitter, he said that “on behalf of L. Czarnecki, he sued for almost one and a half billion zlotys and apologized to VeloBank SA and the State Treasury for the implementation of the so-called Zdzisław Plan (taking over the bank for PLN 1) with which Marek Ch. blackmailed my principal, the head of the KNF demanding a bribe in of EUR 10 million. (original spelling).

Decision of the European Commission

At the beginning of October, as stated in the EC communiqué, European Commission approved a number of support measures in the context of the resolution of Getin Noble Bank.

The resolution process, coordinated by the Polish Bank Guarantee Fund, and related support measures will enable an orderly sale or liquidation of the bank, while preserving financial stability and a level playing field in the single market.

“The Commission assessed the aid measures that were developed and implemented by the BFG in accordance with the rules on state aid for banks in the context of the 2013 financial crisis. It found that the measures are consistent with the objective of maintaining financial stability” – informed the EC.

On this basis, the measures were found to be in line with EU state aid rules.

Main photo source: Shutterstock

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